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Dec 8, 2012
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and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> the headlines on friday looked greatment unemployment rate drops to 7.7%. 146,000 americans score new jobs but the headlines don't tell the whole story. christine romans has the breakdown of the big report and some of the numbers you need to know about. christine? >> let's go beyond the headlines and look deep inside the numberses at, say, the unemployment rate. the underemployment rate. 40% of people who are out of work have been out of work for six months or longer. underemployment still high. 14.4%. some people call it the real unemployment rate. it's almost double what the headline number is. another big problem. let's look at the sectors that are hiring. retail jobs, 53,000. those retailers are hiring up for the holiday season. many of the jobs are temporary. it's hard to send a kid to college on the job -- many
and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> the headlines on friday looked greatment unemployment rate drops to 7.7%. 146,000 americans score new jobs but the headlines don't tell the whole story. christine romans has the breakdown of the big report and some of the numbers you need to know about. christine? >> let's go...
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Dec 22, 2012
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america. not a single american city makes the top ten. the highest, by the way, in america is atlanta at number 13, dallas at number 15, washington, d.c., at number 22. in the world. the richest country in the world doesn't make the top ten in terms of sitting infrastructure. this is from mercer, by the way, the survey. it ranks cities based on electricity and water infrastructure, congestion, public transportation and airport effectiveness, which is probably what got some of these american cities onto the list in the first place. but americans shouldn't be surprised. china spends about 9% of its total economic output on infrastructure. europe spends about 5%. 50 years ago by the way the u.s. spent about 5%, but now we spend half as much at 2.4%. richard florida is a professor at nyu and the university of toronto as well as the senior editor at the atlantic. richard, u.s. cities have a problem. but i just sort of made it look like it was a spending problem, that china spends more, europe spends more. is it a spending problem? >> well, you
america. not a single american city makes the top ten. the highest, by the way, in america is atlanta at number 13, dallas at number 15, washington, d.c., at number 22. in the world. the richest country in the world doesn't make the top ten in terms of sitting infrastructure. this is from mercer, by the way, the survey. it ranks cities based on electricity and water infrastructure, congestion, public transportation and airport effectiveness, which is probably what got some of these american...
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Dec 9, 2012
12/12
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together for your future. ♪ >>> america's in the middle of an energy boom. the u.s. has become the so-called saudi arabia of natural gas, production has soared 56% the price of natural gas has come down, it costs more than half of what it did five years ago. 99% of it went to residential, congre condition assumer use. u.s. trucking firms are looking to push that number higher, why? why does anyone do anything? cost. while we have seen strides in battery -- diesel is costly, prices have dropped down to $2 a gallon back in 2009, but they have doubled since then. a gallon of diesel costs $1.50 and that means the price of a natural gas powered truck can be paid off in a couple of years. >> diesel is king. here at the flying j. truck stop near richard mondmond, virginia. daniel keating has pushed his rig 3.5 million miles. but truckers here don't have to look far to see the future. alone in a corner sits a new liquefied natural gas island. lng as it's called is cheaper, cleaner and supporters say more plentiful than diesel. but there's a problem. say you want too drive a
together for your future. ♪ >>> america's in the middle of an energy boom. the u.s. has become the so-called saudi arabia of natural gas, production has soared 56% the price of natural gas has come down, it costs more than half of what it did five years ago. 99% of it went to residential, congre condition assumer use. u.s. trucking firms are looking to push that number higher, why? why does anyone do anything? cost. while we have seen strides in battery -- diesel is costly, prices...
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Dec 2, 2012
12/12
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so what once provided a high return is now an utter failure which makes america a tax bargain. but that is going to change, too, richard. so the solution is to move to canada where taxes are low, government offerings are high. you, sir, can come and live with me and sleep on my sofa. >> and here we go. ali velshi, who ever thought this was going to be the socialism of the business world. but there we saw him in his true colors. the truth of the matter is as one famous judge in britain once said, it is every man's duty to avoid paying taxes. it is no man's duty, no man's duty to evade paying them. and that is the threshold upon which we seek. however, bearing in mind there are deficits that have to be covered. and there are spending that has to be reached. and in that environment, there is no other alternative but for higher taxes. do you think europeans like paying 40%, 50% taxes? but the alternative is not nearly so pleasant. i've just been to iceland, high taxes, high rate of living. and an economy that is actually recovering better than anywhere else from the financial crisi
so what once provided a high return is now an utter failure which makes america a tax bargain. but that is going to change, too, richard. so the solution is to move to canada where taxes are low, government offerings are high. you, sir, can come and live with me and sleep on my sofa. >> and here we go. ali velshi, who ever thought this was going to be the socialism of the business world. but there we saw him in his true colors. the truth of the matter is as one famous judge in britain...
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Dec 1, 2012
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and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. . >>> okay. it's a big world out there. we need to look at all of it, left we get a little introspective. so for that, i fwli richard quest for a little q&a. richard, to day we talked taxes. the average income tax rate, i know there are problems with averages here, but the average income tax rate for individuals in the euro zone is 42%, including countries like belgium, germany and france with some rates above 50%. in the united states, the average income tax rate is 29%. federally, 39.6% is the highest rate. someone will pay in the united states. so for today's q&a, are americans getting a bargain or are europeans getting ripped up? let me go first. 60 seconds on the clock starts right now. economies richard cost money to run. there is misplaced popularity in the libertarian myth that governments don't need to involve t
and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. . >>> okay. it's a big world out there. we need to look at all of it, left we get a little introspective. so for that, i fwli richard quest for a little q&a. richard, to day we talked taxes. the average income tax rate, i know there are problems with averages here, but the average...
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Dec 23, 2012
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. >>> just days to go before america goes over a fiscal cliff. an outcomeloing more likely every hour. washington's willingness to take america to the brink threatens its prosperity. this is about the latest movement in the negotiation between the democrats and republicans comes down to useless symbolic moves and haggling between grown men. your elected officials are wasting time while the clock ticks. house speaker john boehner announced his plan b to let bush-era tax cuts expire for earners making more than $1 million a year and he wants to set automatic spending cuts with unspecified cuts elsewhere. the speaker pulled his so-called plan b for lack of support from his own party because many republicans still beholden to grover nor quest and the ridiculous pledge want no compromise at all. the debate between the two sides centers around a balanced approach the budget. republicans say president obama wants too much revenue. that's taxes in normal speak and not enough cuts. >> at some point we're going to have to address the spending problem that
. >>> just days to go before america goes over a fiscal cliff. an outcomeloing more likely every hour. washington's willingness to take america to the brink threatens its prosperity. this is about the latest movement in the negotiation between the democrats and republicans comes down to useless symbolic moves and haggling between grown men. your elected officials are wasting time while the clock ticks. house speaker john boehner announced his plan b to let bush-era tax cuts expire for...
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Dec 29, 2012
12/12
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that's one where america goes over the fiscal cliff. jessica yellin is cnn's chief white house correspondent. peer into the crystal ball for us, jessica. which of these scenarios is most likely? >> well, ali, i think that after yesterday it's slightly more likely that there will be some sort of agreement. that doesn't mean that there are a whole bunch of optimists running around d.c. saying it's going to get resolved. but what you describe sod well as a moment of spiritual clarity yesterday really did lead some to think that senators reid and mcconnell have done this before. they are two experts at getting together and crafting something that resolves things at the 11th hour. and if any two men with can do it, it is these two men. right now their staffs are working on negotiating that agreement. and so there's some hope that that could get done. i'd say more today than there was when we woke up yesterday morning, ali. >> all right, jessica. you called it jujitsu yesterday. >> yes. >> this is a tough position. the president has taken a t
that's one where america goes over the fiscal cliff. jessica yellin is cnn's chief white house correspondent. peer into the crystal ball for us, jessica. which of these scenarios is most likely? >> well, ali, i think that after yesterday it's slightly more likely that there will be some sort of agreement. that doesn't mean that there are a whole bunch of optimists running around d.c. saying it's going to get resolved. but what you describe sod well as a moment of spiritual clarity...
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Dec 30, 2012
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the stock market is saying america's okay. what are the bond markets saying? >> the bond markets are also saying the -- that conditions are okay. however, there's a caveat, however. and that is the significant amount of money printing that has taken place not only in the u.s. but in fact, in every developed country from the uk, the european union and japan. >> and just to interrupt you, sean, that's probably why everybody says all of this money printing will lead to inflation. one of the reasons it hasn't really is because everybody's doing it. >> there's that reason and there's the underutilization, both in terms of the employment and also in terms of planned capacity. in fact, there are two different views of the investment universe under the current conditions. one is that all this money printing is masking miserable underlying conditions, that real wages haven't increased very much and the economy is in terrific shape. the other view is that the economy is okay and that this additional money printing will result in risk assets increasing in value. and you
the stock market is saying america's okay. what are the bond markets saying? >> the bond markets are also saying the -- that conditions are okay. however, there's a caveat, however. and that is the significant amount of money printing that has taken place not only in the u.s. but in fact, in every developed country from the uk, the european union and japan. >> and just to interrupt you, sean, that's probably why everybody says all of this money printing will lead to inflation. one...
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Dec 16, 2012
12/12
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this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> the lives of so many families in newtown have been ripped apart. and will never, ever be the same again. no one can ever think or imagine of sending a child off to school whether they're excited or crying to leave you. not seeing that child ever again. as keung law, one family is speaking out about how he and his family are trying to find peace now. >> i don't know how to get through something like this. my wife and i don't understand how to process all of this. >> how can you, asks robbie parker, when you lose your 6-year-old daughter. emilie, his bright light. artist with crayons, elder sister to a 3-year-old and 4-year-old. >> she was the type of person that could just light up a room. she -- she always had something kind to say about anybody. and her,
this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> the lives of so many families in newtown have been ripped apart. and will never, ever be the same again. no one can ever think or imagine of sending a child off to school...